PROCYON INSTRUMENTS LIMITED

PROCYON INSTRUMENTS LIMITED

PROCYON INSTRUMENTS LIMITED - Company Information

Print Friendly Version

PROCYON INSTRUMENTS LIMITED

Company Registration Number:
03039660 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2017

Period of accounts

Start date: 01 May 2016

End date: 30 April 2017

PROCYON INSTRUMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2017

Balance sheet
Notes

PROCYON INSTRUMENTS LIMITED

Balance sheet

As at 30 April 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Debtors:   0 74
Cash at bank and in hand: 300 323
Total current assets: 300 397
Creditors: amounts falling due within one year:   (328,485) (328,485)
Net current assets (liabilities): (328,185) (328,088)
Total assets less current liabilities: (328,185) (328,088)
Total net assets (liabilities): (328,185) (328,088)
Capital and reserves
Called up share capital: 2,725 2,725
Share premium account: 2,015,929 2,015,929
Other reserves: 71,410 71,410
Profit and loss account: (2,418,249) (2,418,152)
Shareholders funds: (328,185) (328,088)

The notes form part of these financial statements

PROCYON INSTRUMENTS LIMITED

Balance sheet statements

For the year ending 30 April 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 January 2018
and signed on behalf of the board by:

Name: Mr C Bell
Status: Director

The notes form part of these financial statements

PROCYON INSTRUMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

The financial statements have been prepared on a going concern basis on the assumption that the company will be able to realise sufficient funds from the sale of its intellectual property but, in the opinion of the directors there are material uncertainties relating to whether the company will find a buyer for its intellectual property and this casts significant doubt upon the company’s ability to continue to adopt the going concern basis of accounting in the future.